Loan Details
EMI (₹): 0
Total Repayment (₹): 0
Total Interest (₹): 0
function calculateMortgage() {
var loanAmount = parseFloat(document.getElementById(‘loanAmount’).value);
var interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100 / 12;
var loanTerm = parseInt(document.getElementById(‘loanTerm’).value) * 12;
if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm <= 0) {
alert('Please enter valid values for all fields.');
return;
}
var emi = (loanAmount * interestRate * Math.pow(1 + interestRate, loanTerm)) / (Math.pow(1 + interestRate, loanTerm) – 1);
var totalRepayment = emi * loanTerm;
var totalInterest = totalRepayment – loanAmount;
document.getElementById('emiResult').textContent = emi.toFixed(2);
document.getElementById('totalRepayment').textContent = totalRepayment.toFixed(2);
document.getElementById('totalInterest').textContent = totalInterest.toFixed(2);
}
